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Bidding war intensifies as Comcast offers $65bn to out Fox Disney

on Jun 14, 2018 | 0 comments

By John Glenday

Comcast has upped its offer for Twenty First Century Fox to $65bn in cash as a high-stakes bidding war intensified between the media giant and Disney to get their hands on the prize.

Representing a 20% premium on its earlier offer, the Comcast bid highlights the eagerness of the US’s largest media companies to snare the business, with the usual caveat of obtaining approval from regulators.

That green light appeared more certain on Tuesday after AT&T secured permission to buy Time Warner for $85bn.

The fight to obtain Fox looks set to intensify Read full story ›

Source: The Drum